Apogee Enterprises Inc (APOG)
Inventory turnover
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,001,100 | 1,049,810 | 1,044,310 | 1,105,420 | 1,105,420 |
| Inventory | US$ in thousands | 92,305 | 69,240 | 69,240 | 78,441 | 78,441 |
| Inventory turnover | 10.85 | 15.16 | 15.08 | 14.09 | 14.09 |
February 28, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,001,100K ÷ $92,305K
= 10.85
The inventory turnover ratio for Apogee Enterprises Inc has shown a generally positive trend over the years, indicating efficient management of inventory.
In February 2023, the inventory turnover ratio was 14.09 and was consistently maintained at the same level in the subsequent month. This suggests that the company was able to sell and replace its inventory approximately 14 times during that period.
By February 2024, the inventory turnover ratio improved to 15.08, indicating an increase in the speed at which inventory was sold and replenished. This positive trend continued to March 2, 2024, with a further improvement to 15.16.
However, by February 28, 2025, the inventory turnover ratio dropped to 10.85, which may raise concerns about the company's ability to efficiently manage its inventory in that period. It would be important to further investigate the reasons behind this decrease and its potential impact on the company's operations and financial performance.